Why Invest in Dubai?
Benefits of Investing in Dubai
• No Tax on Rental Income.
• No Tax on Capital Appreciation.
• Capital Growth: properties are appreciating steadily at between
10 – 25% per year.
• Future Demand: Population is expected to double to 2.5 million by 2010.
• Future Supply: All master-planning is Government controlled to carefully manage the supply-demand ratio thus maintaining strong growth and returns.
• Simple Buying Process.
• Cheap Compared to International Standards.
• Liquid Market: Investors all over the world are able to purchase
property in Dubai. |
|
Dubai is nothing short of a success story, it has transformed itself in recent years into
a truly international business centre of global significance. 20 years ago oil revenues accounted for around half of Dubai’s Gross Domestic Product (GDP); in 2005 the oil sector contributed just 5.4%. Today manufacturing, services, transport, construction, real
estate, trade and tourism are all important contributors to Dubai’s well balanced and growing economy.
Strategically located, Dubai is an ideal gateway to access markets of approximately
2 billion people from the Middle East, Africa, Central Asia, the Asian Subcontinent and the Eastern Mediterranean.
As well as a leading regional commercial hub, major international companies are attracted by the state-of-the-art infrastructure and pro-business philosophy. Dubai’s “Free Zones” allow companies to set-up wholly-owned subsidiaries (businesses set up outside these areas require a UAE national hold 51% of the company) which can take advantage of Dubai’s favourable business conditions such as no taxes on profits and complete freedom of capital movement. The Jebel Ali Free Zone alone currently has over 5 000 registered companies.
Tourism is quickly becoming a major contributor to Dubai’s bustling growth; in fact,
tourism revenue overtook oil revenue as a part of Dubai’s GDP for the first time in 2003.
This milestone was followed up in 2004 with a 37 per cent increase in revenue
from tourism.
2005 was a stellar year for Dubai hotels as they recorded the highest average occupancy in the world of 86%. Dubai’s average occupancy rate beat New York with 82.7% and Singapore with 80%; Dubai was also ranked number 1 in the world for generating the highest revenue per available room (RevPar).
This growth is expected to continue with the ambitious target of attracting 15 million visitors to Dubai in 2010. This would be nearly triple the number of visitors to Dubai in 2005 of 5.4 million people and would make it the second most visited destination in the world. It is estimated that an additional 80 000 hotel beds are required to accommodate the target of 15 million guests. |
